Ike Perlmutter Has Sold His Entire Disney Stake
Ike Perlmutter, a major Disney stockholder who lent his shares to support a shakeup on the company's board, has now sold all of them.
deadline.com
-
For our US members, be sure to check on your voter registration status and if you are not registered it will only take a second to do so!
Ike Perlmutter has sold his entire Disney stake
- Thread starter DinkyDev
- Start date
- News Entertainment
deadline.com
Ike Perlmutter Has Sold His Entire Disney Stake
Ike Perlmutter, a major Disney stockholder who lent his shares to support a shakeup on the company's board, has now sold all of them.
deadline.com
He's out, for realsies this time.
Dinky beat me to it.
www.resetera.com
Ike Perlmutter has sold his entire Disney stake News - Entertainment
https://deadline.com/2024/07/ike-perlmutter-sells-entire-disney-stake-1236019211/
www.resetera.com
sounds like he made out pretty well, thats nearly an "extra" $600m he made selling at $115 vs the current trading price of $91. Nothing really much to "celebrate" here, he bought Marvel on the cheap in the 90s and sold it for billions to Disney, he got $600m in Disney stock when he sold Marvel and he sold the last of that stock now so he has made BILLIONS off people like Stan Lee and others while they certainly didn't get nearly anywhere near the windfall he did:
Perlmutter sold his entire position of 25.6 million shares in the months after that vote, said the WSJ, citing communications with an investment adviser seen by the publication. Specifically, he sold his stake between early April and mid-July at an average price of just under $115.
In a parting dig, he told the publication it's because he doesn't have confidence in management, and that he might be a buyer again if it falls to $65-$75.
Disney stock is trading down about 3% today at $91.
lol
Mr. Perlmutter's zeal for corporate frugality in service of profit is well known in the entertainment business. In one particularly vivid example, he used to pluck paper clips out of garbage cans at Marvel offices for reuse. People at Marvel still talk about the time he suggested serving potato chips at a movie premiere to save catering costs.
Perlmutter sold his entire position of 25.6 million shares in the months after that vote, said the WSJ, citing communications with an investment adviser seen by the publication. Specifically, he sold his stake between early April and mid-July at an average price of just under $115.
In a parting dig, he told the publication it's because he doesn't have confidence in management, and that he might be a buyer again if it falls to $65-$75.
Disney stock is trading down about 3% today at $91.
lol
Mr. Perlmutter's zeal for corporate frugality in service of profit is well known in the entertainment business. In one particularly vivid example, he used to pluck paper clips out of garbage cans at Marvel offices for reuse. People at Marvel still talk about the time he suggested serving potato chips at a movie premiere to save catering costs.
You're thinking of Nelson Peltz.
https://www.hollywoodreporter.com/b...disney-woke-black-panther-marvels-1235859565/
No he is right, they basically had to restructure the whole company to get it and captain marvel amde
I'm listening to the audiobook of MCU: The Reign of Marvel Studios by Joanna Robinson and everything about Pearlmutter is just weird. I just got to the section about Iron Man 2 and his rationale for replacing Terrance Howard with Don Cheadle was allegedly "No one will notice because black people look alike"
He was out of Marvel for a while, ultimately winding up at Marvel games before being booted out altogether sometime after that.
And he would've gotten away with it if not for those damn all-women and all-black cast movies!!!
Aw yeah! FUCK OFF YOU RACIST AND SEXIST BASTARD!
Fina-fucking-lly! I've been saying for years that he should sod off, he managed to delay, with the hope of stopping, the production of both Black Panther and Captain Marvel. He was so petty during the time that Fox had the X-Men franchise as well, and now he's finally fucked off. Good riddance.
Fina-fucking-lly! I've been saying for years that he should sod off, he managed to delay, with the hope of stopping, the production of both Black Panther and Captain Marvel. He was so petty during the time that Fox had the X-Men franchise as well, and now he's finally fucked off. Good riddance.
I mean it's good he gone but he made some good profit and say he willing to buy back shares if the price drop more.
So it seem all things working out for him .
So it seem all things working out for him .
It's a situation like Kotick. Kotick would rather be CEO of Activision still, rather than pocketing that payout he got from MS. To you and me, getting that kind of money is beyond imagination, and the normal person would happily take it and fuck off forever. But these guys are aaaaall about their egos. They already had the money and power. Ike's fucking off because he's butthurt about his power play failing spectacularly, and the gut punch that came to his ego from that is what really matters to him, not more money he can never spend (which, to be clear, he also does want, but not at the expense of the prior - ego comes first, more money just serves the ego).
Disney Lays Off Ike Perlmutter, Chairman of Marvel Entertainment
The move, part of a cost-cutting campaign, followed Mr. Perlmutter’s unsuccessful effort to shake up Disney’s board.
He was officially fired last year.
Yeah and how he didn't want any female characters in Avengers. Black Widow almost didn't make it in. In the end she only got 1 toy (Maria Hill had none). And I remember from back then that Tshirts artwork had her edited out and featured only 5 Avengers lol. And kids and retailers ended up asking "where are the Black Widow merch?"
Off topic but the book is a great read and I'm still reading it slowly.
